Seattle investment bank Cascadia Capital has added some firepower to its clean tech practice, naming Ted Bernhard to the position of managing director. Bernhard, who is based in Portland, previously ran the Energy Ventures Group at the law firm of Stoel Rives.
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It’s been a rough few weeks for Imperium Renewables. First, the Seattle biodiesel producer’s chief executive unexpectedly stepped down. Then it canceled a $345 million initial public offering, followed last week with a layoff of a portion of the workforce.
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Just two weeks after Martin Tobias stepped down as chief executive of Imperium Renewables, the Seattle biodiesel producer is officially postponing an initial public offering due to “unfavorable market conditions.”
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